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Price City leaders warn of tight budget, weigh public-safety tax options
Summary
City leaders reviewed midyear revenues, projected reserve use and rising insurance costs and discussed options — including a public-safety–earmarked tax or property-tax increase — to cover emergency vehicles, staffing and rising operating costs.
City officials said Price is facing a tighter-than-expected fiscal year and must closely monitor spending as leaders weigh options to shore up public-safety funding.
At a council meeting, a speaker identified as the mayor said Finance staff produced a revised budget showing limited revenue growth and signaled a likely draw on reserves. “We are already taking the money out of the committed fund balance,” the mayor said. “I think I budgeted about $900,000 to come out of reserve. So that's pretty scary number.”
The discussion centered on two constraints: limited sales-tax growth and large, rising expenditures for public-safety personnel, equipment and insurance. Lisa, identified in the meeting as a finance staff member who prepared revenue estimates, told the council that sales-tax receipts were only slightly ahead of last year and many revenue streams (franchise taxes, municipal energy tax, phone tax) are flat or declining. “Not much more revenue coming in,” Lisa…
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